Insurtech Convr AI expands commercial P&C underwriting workbench with agentic AI

Convr AI Enhances Commercial P&C Underwriting Tools

Convr AI, a player in the insurtech space, has recently expanded its commercial property and casualty (P&C) underwriting workbench. This upgrade introduces a few key features including agentic artificial intelligence, enhanced user interface (UI) capabilities, and a more robust ontology-driven decision support system.

What's New?

The most notable addition is the incorporation of agentic AI. This AI technology aims to enhance the underwriting process by providing more intelligent and autonomous support to underwriters. By integrating deep learning with human expertise, it looks to improve efficiency and decision-making.

The UI improvements are designed with user experience in mind, making it easier for underwriters to navigate through complex data and analytics. This focus on usability may enable quicker training periods for new users, which can be beneficial in an industry where talent retention and development are critical.

Impact on the Industry

The enhancements made by Convr AI could have a positive impact on both insurers and agents. By streamlining the underwriting process, it stands to potentially reduce turnaround times and increase the accuracy of risk assessments. For agents, having access to improved tools means they can better serve their clients and facilitate faster policy issuance.

Final Thoughts

While these advancements may not be revolutionary, they mark a step forward in the ongoing evolution of insurtech. As the industry continues to embrace technology, tools like those offered by Convr AI will play a significant role in shaping the future of commercial underwriting.

Original Source: https://beinsure.com/news/insurtech-convr-ai-agentic-underwriting/